The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same five investor questions from their SEC filings — so the comparison is apples to apples. The method is fully public.
XZO · Technology · Narrow moat
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The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | XZO | PEGA | EVTC | ALRM |
|---|---|---|---|---|
| Moat Score (0–100) | 75 (highest) | 75 (highest) | 75 (highest) | 75 (highest) |
| Methodology version | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 | moat-index@2.0.0 |
| Business trend | 100 (highest) | 94 | 90 | 95 |
| Pricing power | 38 | 98 | 100 (highest) | 99 |
| Returns on capital | — | 31 | 97 (highest) | 72 |
| Balance-sheet safety | 100 (highest) | 73 | 5 | 42 |
| Capital discipline | 60 | 80 | 83 (highest) | 65 |
| Price vs. high estimate | 194% above high estimate | 596% above high estimate | 26% below high estimate (largest discount to high estimate) | 127% above high estimate |
| Market cap | $1.5B | $5.4B | $1.9B | $2.6B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filings as of | FY2025 | FY2025 | FY2025 | FY2025 |